<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNION CARBIDE CORPORATION'S ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000100790 <NAME> UNION CARBIDE CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 49 <SECURITIES> 0 <RECEIVABLES> 933 <ALLOWANCES> 0 <INVENTORY> 667 <CURRENT-ASSETS> 1906 <PP&E> 8409 <DEPRECIATION> 4228 <TOTAL-ASSETS> 7291 <CURRENT-LIABILITIES> 1470 <BONDS> 1796 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 155 <OTHER-SE> 2294 <TOTAL-LIABILITY-AND-EQUITY> 7291 <SALES> 5659 <TOTAL-REVENUES> 5659 <CGS> 4294 <TOTAL-COSTS> 4294 <OTHER-EXPENSES> 532<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 114 <INCOME-PRETAX> 689 <INCOME-TAX> 217 <INCOME-CONTINUING> 403 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 403 <EPS-PRIMARY> 2.98<F2> <EPS-DILUTED> 2.91<F2> <FN> <F1>Other expenses are equal to Research and development of 143 and Depreciation and amortization of 389. <F2>The EPS-PRIMARY amount represents Basic earnings per share and the EPS-DILUTED amount represents Diluted earnings per share, computed in accordance with Statement of Financial Accounting Standards No. 128, "Earnings Per Share." </FN>